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The Real-Estate Market Caught in a Tangled Web of Ownership and Debt: Swedish property companies have some $41 billion of bond debt coming due in the next few years
www.wsj.com/articles/...ed-web-of-ownership-and-debt-3f4a04af
Swedish REIT plunge is debt-structuring issue: So far in 2023, Swedish-listed property companies have sold $3.1bn (€2.9bn) of European assets as they try to deleverage, according to the MSCI analyst.
Swedish REITs have high levels of exposure to floating-rate, short-duration bonds, many of which were issued in 2020 and 2021 when their benchmark rate was close to zero – but by the end of April it had risen to 3.49%, according to MSCI. “This has caused significant challenges for the issuers of the debt, much of which was short-term,” Leahy said, adding that Refinitiv data show that around 45% of the bonds are due to mature by the end of 2025.
realassets.ipe.com/news/...ing-market-robust/10067113.article
Listed Swedish companies massive sales: 2.9 billion euros: Investment activity in Swedish commercial properties has collapsed in the past year as companies have had difficulty adapting to higher interest rates. The latest statistics from MSCI show that the listed companies together have sold properties for approximately 3.1 billion dollars, close to 2.9 billion euros, so far in 2023. In an exclusive interview with Nordic Property News, Tom Leahy, executive director of MSCI Research, talks about the dramatic developments in the Swedish real estate market and what the future may hold.
nordicpropertynews.com/article/8503/...sales-29-billion-euros
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